Akinsete19:
Na to keep money for house, sure pass

Abi and to dey queue for ATMs na e remain. Because I no sure how POS guy go give person 100 notes of 200 naira each? APC and their retrogressive policies SMH.

Akwamkpuruamu:
Now, how will POS guys survive? This is not fair to the common man

So I guess you'll be getting commission for cash deposit at pos instead of been charge

Earlystar698:
Operation kill pos

You can say that again!

How much is your daily ATM withdrawal cap in LA?

Mrfksb1:
How about old people? I live in LA how will my aged parents withdraw when I send cash to them? Please I need some answers


What kinda of shithole country is this for God sake making people suffering unnecessary

I really pity those living in Nigeria

To buy a bag of rice, you have to withdraw for two days. Lolllll

temmyyem:



Very few can see the handwriting on the wall, it's not a Nigeria thing, it's global, bank branches are being closed, ATM machines going out of service and decommissioned. The digital prison of the one world system is being built and people are unaware of what is coming.

I can see that you're fully awake. A lot of people don't know the evil intentions and how it aligns to their nwo agenda

Lol, in December that our banks will always have network downtime
I doubt Sanusi and Soludo even tried a tenth of the nonsense this idiot dey do

We go get sense lass-lass, aje

OboOlora:
Another one from Emefelie, undisputably the most useless CBN Gov the country ever had!

Can't Nigerians get a perpetual injunction on this policy so it doesn't see the light of the day? Our lawyers in the house we need an answer to this.

lereinter:



What of obithief

Have you ever seen anyone accuse Obi of stealing? Man is just clean and that gives tinubudiots sleepless nights

Obinnau:
I can't wait for this tenure to end so that Emefiele will go. This man has killed our economy with armchair economics.

he leaves in jan.

Akinsete19:
Na to keep money for house, sure pass

monkey, snakes and even rat go chop the money

sisisioge:
Are we ready now? Bread seller o....pepper seller o....mechanic o....we are going cashless!

Las las school no be scam

Westchester:
This is crazy but as long it'll affect criminals like Thifnubu and Atiku I'm good with the policy.


Perpetual suffering to all BATidiots

So governors in your region no deh steal Abi? You think you're doing Tinubu. Instead of you people to demand for accountability from your governors, na tinubu be your worry?

Alajiki:


Because you are very naïve and oblivious of the implication of the pronouncement.

Learn!!! It is not too late!

Not everyone is blocked head like you.

backtovillage:
Some mumu will still blame Tinubu for Emefiele 's failures

Tinubu brought in the dullard and the dullard brought in Mr incompetent.

So, yes. Tinubu can be blamed for Emefiele's inconvenience and failure

lrman:
So what if you go to a shop to buy a product with price of more than 20k..?? That means you cannot pay via pos unless you use a bank transfer ??smh..

That is another question but it looks like it is a Yes in the affirmative o. This is the worst policy I have ever seen in my entire life!

RomanGreen:


Dude shut up, you're in LA where withdrawals above certain thresholds aren't allowed yet you calling nonsense here. Cashless policy is in full swing in advanced LA but you don't want it abi....bad belle

0de! Is LA and here the same economy? Reason am na!

badoh:

So governors in your region no deh steal Abi? You think you're doing Tinubu. Instead of you people to demand for accountability from your governors, na tinubu be your worry?

Sorry agbado boy your drug lord the demented and senile Tinubu will never be president

franchasng:
CBN should make it 1,000 naira please

If some should have a sick person on emergency in the hospital, how will medical bills be paid?

Stupid government with stupid ideas . It seems buhari and his CBN boy thinks every Nigerian lives in the cities and towns with ATM and that every one is using bank apps.
What about rural farmers where there are no banks? What about the tomato sellers or petty traders who have to go to Deep rural areas to buy food items to sell in the market,how will they be transacting?

These bastards are over regulating the banking industry, all becos of their evil political ambition.

bonianyi:
This may not be a good idea at the end.

It wasn't even a good idea in the first place! Where is Mr. Femi Falana when you need to put this case in court until that fool of a CBN governor leaves?

Ok o

Paxxcarl:
Pos might be going out of business
Cashless policy

Spot on

POS business is going going going

Mrfksb1:
How about old people? I live in LA how will my aged parents withdraw when I send cash to them? Please I need some answers


What kinda of shithole country is this for God sake making people suffering unnecessary

I really pity those living in Nigeria

Don't call Nigeria sht hole because of this policy, we are not the first and this will not make us even among the first 20 countries will lowest cash in circulation , check how Hongkong ,Sweden, Finland etc are doing it , this is the first step toward attaining a cashless economy, Sanusi lamido has been singing this long time ago before they tied him down in kano in the name of traditional title , if we had started during his time by now we could have achieved 10,000 daily withdrawal limit

As someone said already increase number of accounts discreetly 3 bank accounts = 60k daily limit / 300k weekly.

iwaeda:

Not everyone is blocked head like you.

Am I surprised?

This space is full of emotional riffraffs.

See the names, Mustafa and Co... Illiterates from the north running poor Nigeria to the ground.

anthony533:
POS business is about to fade out just like the way recharge card business was...

I don't think so
How many people even withdraw more than 20k daily via POS? Na between 5k to 10k vast majority dey withdraw. Above 20k withdrawal don't happen frequently and I don't think it is enough to shut down the business

AquaPetals:

POS operators would suffer greatly. They need cash in order to make profits from withdrawals. Most of them withdraw about 100k per day from OTC or via ATM.

They will get alot of cash from people. Remember people are already being discourage from making huge payments over the counter, individuals with cash will approach them to make transfers, especially those with huge cash.

Remember there would be too much money in circulation. Let me use myself as example, whenever I knew I won't be going to where ATM is, and I don't want to use POS, I make sure I withdraw enough Cash that would lasted me till next time I feel I can go to the area. Now that the daily limit is 20k, do you think I will withdraw less than this amount? Do you think if I have like 200k with me, and I will need money soon, the next thing I will do is to take it to bank where I won't be able to withdraw the same amount at once?

The policy is good if they stick to 200 denominations or less on ATM than setting a daily limit at 20k.

Besides, CBN should completely stop printing 1000 and 500 notes. Let people spend 200 down to 5 naira. Naira lost its value as a result of these higher denominations. People don't even value 50 naira anymore Let alone 20 or less.

20k but till when?
This seems to tackle politicians that has stack billions for election!

With the new currency
How will they swap their lotted cash?
With 20k per day withdrawal and just few months to election,
How will they induce and bribe voters ?
No body go wan collect old note …


I see cbn extending the expiry date for the old note